Apple Stock Premarket Today: AAPL Falls 4% On Weak Margin Outlook In Ternus’s First Quarter
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Apple shares fell about 4.4% to roughly $323.61 in premarket trading Tuesday after the company issued a gross margin outlook that missed expectations, despite fourth-quarter revenue coming in above forecasts. iPad sales fell short of estimates, weighing on the otherwise solid top-line result. The report marks the first earnings release since John Ternus succeeded Tim Cook as CEO in September, making it an early test of the new leadership's guidance credibility. Ternus characterized the period as Apple's best fiscal year on record, but investors focused on the margin outlook rather than the revenue beat. Traders will watch for follow-through selling at the open and any management commentary clarifying the margin trajectory under the new CEO.
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Apple (AAPL), John Ternus, Tim Cook
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